Welcome to our E-Newsletter February 2017
Our Expansion Quest
We would like to take this opportunity to share with you our excitement in welcoming another 2 new members from across the globe, to our 3E Accounting International network. We have recently completed our partnership agreement with our new members, Wisteria Ltd from United Kingdom and Lazar & Co from Israel.
With our steadily growing network, we are positioning our group well in providing clients with privileged access of quality and assured experts services across the world, through a single point of contact. We can now support anyone who is interested in setting up their business or requiring any professional services in both the United Kingdom and Israel.
New Companies Act 2016 will be Implemented
The Companies Commission of Malaysia (CCM) has announced that the Companies Act 2016 will be implemented in stages starting 31 January 2017. The current MyCoID portal will be discontinued and migration to the new portal called “MyCoID 2016” via https://mycoid2016.ssm.com.my/ will take place on 31 January 2017.
We will be updating you with more information on the other areas of concern once the implementation and guidelines are issued by CCM. Stay tuned!
Incorporation made Faster and Easier in Malaysia
Appointing nominee directors has always been one of the major concerns for foreign investors keen in starting a business in Malaysia. Now, with the introduction of new Companies Act 2016, setting up a business in Malaysia is much simpler. The new Act will introduce the ability to incorporate a company with only one individual being the single local director and single shareholder, with RM1 share capital as the minimum requirement. This will make incorporating a company in Malaysia more attractive for foreign investors, entrepreneurs and businesses. See Malaysia Company Incorporation Services for more information.
Office Closure on 27 January 2017 to 2 February 2017
We would like to inform you that our office will be closed on 27 January 2017 (Friday) to 2 February 2017 (Thursday) for Chinese New Year and Federal Territory Day Public Holiday Replacement. Please be informed that our partner, directors and staffs will have no access to the emails on the said dates and all emails will be attended to once we resume operations on the next working day.
As Chinese New Year is just around the corner, I would like to take this opportunity to wish everyone a Happy Chinese New Year. May the coming new year bring you joy, love and prosperity.
Remember to call us if you require any assistance. Otherwise, please stay tune for new updates and interesting news from us.
Read More in our E-Newsletter February 2017.